Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.13 | 0.72% |
| Return on Equity (%) | ▲ | 9.38% | +1.55 | 7.83% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.32 | 3.35% |
| Efficiency Ratio (%) | ▲ | 66.05% | -8.34 | 74.40% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.52 | $3 |
| Cost of Funds (%) | ▲ | 2.73% | -0.13 | 2.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,270 | +141.06 | $1,128 |
| Gross Loans ($M) | ▲ | $1,121 | +144.79 | $976 |
| Loan Growth YoY (%) | ▲ | 98.52% | +1.28 | 97.24% |
| Total Deposits ($M) | ▲ | $1,127 | +133.54 | $993 |
| Shareholders Equity ($M) | ▲ | $116 | +11.04 | $105 |
| Tang. Book Value ($M) | ▲ | $114 | +11.24 | $103 |
| Loan / Deposit Ratio (%) | ▲ | 98.52% | +1.28 | 97.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.11 | 0.49% |
| Allowance / Loans (%) | — | 0.95% | -0.09% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.11 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▂▄▅█ | Net Interest Margin (%) | 3.34% | 3.39% | 3.40% | 3.35% | 3.41% | 3.50% | 3.53% | 3.66% |
| ▁▄▆▅▆▇██ | Return on Assets (%) | 0.55% | 0.70% | 0.76% | 0.72% | 0.76% | 0.82% | 0.86% | 0.85% |
| ▁▃▃█▇▆▅▃ | Efficiency Ratio (%) | 62.5% | 65.7% | 66.6% | 74.4% | 72.8% | 70.0% | 69.6% | 66.1% |
| ██▆▆▁▄▃▂ | Cost of Funds (%) | 2.93% | 2.91% | 2.87% | 2.86% | 2.68% | 2.79% | 2.76% | 2.73% |
| ▁▁▅▅██▆█ | NPA / Assets (%) | 0.28% | 0.30% | 0.46% | 0.49% | 0.64% | 0.60% | 0.55% | 0.60% |
| ▁▁▄▅█▇▆▇ | Net Charge-Off Ratio (%) | 0.33% | 0.36% | 0.54% | 0.57% | 0.76% | 0.69% | 0.62% | 0.68% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $99 | $100 | $102 | $103 | $106 | $109 | $112 | $114 |
| ▁▁▃▂▄▆██ | Gross Loans ($M) | $929 | $946 | $980 | $976 | $1,018 | $1,068 | $1,107 | $1,121 |
| ▁▁▂▂▄▆██ | Total Deposits ($M) | $969 | $970 | $989 | $993 | $1,045 | $1,072 | $1,115 | $1,127 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 32% |